This error is described in the following SAP Note: http://service.sap.com/sap/support/notes/2117967
This error happens if the system runs out of resources (To many threads created).
Microsoft have an offical support ticket on it: http://answers.microsoft.com/en-us/windows/forum/windows_7-system/no-more-threads/bfd50227-6238-4a42-ab2f-abeee1964bd8
"This error message indicates that too many threads or processes are running. Hence we need to free some threads or processes. Hence do not run many applications at a given time. "
So upgrading the machines hardware normally solves this/not starting to many programs at once.
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It can also happen if you run 32 bit SAP Business One and the SAP Business One executeable exceed 2 GB of memory. So if error happen please check the memory usage of the SAP Process.
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