Best way to 'archive' an entity?

So to give you some context in Google Drive I have a “Clients” folder which has active clients I am currently working with and inside this folder is also an “Archive” folder. When I get done with a client I move their folder into the Archive folder so its out of sight out of mind unless I need it for some reason.

I’m basically trying to replicate this kind of functionality.

In either case I decided to move forward with the “a script which a) moves the entity to another “Archive” space and b) re-establishes the relationships.” approach. A simplified version of how I am doing this is shared here:

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