Make sure you open SharePoint Management Shell using 'Run as Administrator'.
$siteURL = "http://sharepointsite/sitecoll2"
$sitePrimaryOwner = "domain\username"
$siteSecondaryOwner = "domain\username"
$siteName = "Site Collection 2"
$siteTemplate = "STS#0"
$siteDescription = "This is a site created using PowerShell command"
New-SPSite -Url $siteURL -OwnerAlias $sitePrimaryOwner -SecondaryOwnerAlias $siteSecondaryOwner
-siteName $siteName -Template $siteTemplate -Description $siteDescription
Parameters/Attributes used in this command -
-Url - The URL of the site collection to be created
-OwnerAlias - The Primary owner for this site collection
-SecondaryOwnerAlias - The Secondary owner for this site collection
-siteName - The Name of the site collection to be created
-Template - The Template of the site collection to be created
-Description - The Description of the site collection to be created
List of default site templates can be found from Microsoft TechNet. Here is a list for SharePoint 2010 - http://social.technet.microsoft.com/wiki/contents/articles/20100.sharepoint-2010-default-site-templates.aspx
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