ASP.NET 2.0 Membership Provider

[cismajor97]

I am working on this project and I have run into a small problem. My website is being hosted on a shared hosting environment. Currently I am using a custom membership provider. I would like to know if I create a directory in my hosted environment can that directory be it's own separate application? It would have it's own membership provider hosted on a second separate SQL Server 2005 database than the one the root site points to, it's own web.config file.

I'm not sure if I should be using the word "application" or the word "projects". Hopefully my question makes sense.