A weakness for a proprietorship is that owner's liability for debts of the firm is unlimited.

Name: A weakness for a proprietorship is that owner's liability for debts of the firm is unlimited.
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In a proprietorship, the owner is personally responsible for all debts and obligations of the business, and this liability is unlimited. This means that if the business cannot pay its debts, the owner's personal assets may be used to satisfy those debts.

A Weakness for a Proprietorship Is That Owner's Liability for Debts