If you haven't already, hire an attorney for some legal counsel in making sure this business deal is entirely up to snuff. You don't want to find out you or the seller did something illegal in the process a year from now.

You might want to make the condition of the sale that the business license it renewed. What happens to you if you buy the business and then you CANNOT get the license? That would be very bad for you.

I'm in the process of purchasing a Yerbería (it's a Hispanic naturist store that sells natural medicines and esoteric products). I have not yet closed the deal but its business license is expired. I was wondering if the person selling it to me is doing something illegal or if it's not a big deal and I can renew the business license once I've purchased the business.