How to refactor function that takes lots of arguments?

I wrote a wrapper for a COM object that only excepted strings as input, so in good OOP practice I wrapped the string up in a function so that it was easier to build and call.

I was just wondering if anyone could think of a better way to do the following code.

   Public Function OpenTable(ByVal TablePath As String, Optional ByVal OpenAs As String = Nothing, _
            Optional ByVal Hide As Boolean = False, Optional ByVal AsReadOnly As Boolean = False, _
            Optional ByVal Interactive As Boolean = True, Optional ByVal Password As String = Nothing, _
            Optional ByVal NoIndex As Boolean = False, Optional ByVal ViewAutomatic As Boolean = True) As TableInfo

            If String.IsNullOrEmpty(TablePath) Then
                Throw New ArgumentNullException("TablePath", "TablePath cannot be null or empty")
            End If

            Dim Builder = New StringBuilder("Open Table ")
            Builder.AppendFormat("{0}{1}{2}", ControlChars.Quote, TablePath, ControlChars.Quote)

            If (Not String.IsNullOrEmpty(OpenAs)) Then Builder.AppendFormat(" as {0} ", OpenAs)
            If (Hide) Then Builder.Append(" Hide ")
            If (AsReadOnly) Then Builder.Append(" ReadOnly ")
            If (Interactive) Then Builder.Append(" Interactive ")
            If (Not String.IsNullOrEmpty(Password)) Then Builder.AppendFormat(" Password {0} ", Password)
            If (NoIndex) Then Builder.Append(" NoIndex ")
            If (ViewAutomatic) Then Builder.Append(" View Automatic ")

            MyComApp.Do(Builder.ToString)

            Dim FileInfo = New IO.FileInfo(TablePath)
            Return New TableInfo(FileInfo.Name.Substring(0, InStrRev(FileInfo.Name, ".") - 1))
        End Function

The amount of arguments that the function has to take is my biggest worry. This one is not too bad but there are some other functions that I may have to make in the future that will take a lot more arguments, so I'm mainly looking for better ways to build large argument functions.

In this case it seems many of the parameters are just 'configuration values' (which end up being strings), you could modify it to accept a single class for all the configuration that you prepare before the call and that will return you the string accordingly.

Something like

class COMConfiguration {
    private bool Hide = false;
    private bool AsReadOnly = false;
    //and so on...

    public void setHide(bool v) { Hide = v; }

    //only setters

    public string getConfigString() {
        StringBuilder sb = new StringBuilder();
        if (Hide) { sb.Append(" Hide "); }
        if (AsReadOnly) { sb.Append(" ReadOnly "); }
        //and so on
        return sb.ToString()
    }
}