Set-Up vs. Set Up. The noun setup is usually styled as a solid compound (that is, as a single word) in American English and as a hyphenated compound (set-up) in British English. ... The verb set up, on the other hand, is usually found as an open compound (two words, no hyphen) in both American and British English.
Two words as a verb, one word as an adjective and a noun. Don't hyphenate. Capitalize Setup when it refers to the Setup program. Unpack everything before you set up your computer