Final answer:
If you don't renew your license on time, you may face penalties, loss of privileges or benefits, and in some cases, suspension or revocation of the license.
Step-by-step explanation:
If you don't renew your license on time, there can be several consequences depending on the type of license. In some cases, you may face penalties such as fines or tickets. For example, if you don't renew your driver's license, you may be ticketed if caught driving without a valid license. Additionally, you may lose certain privileges or benefits associated with the license.
In the case of professional licenses, such as those required to practice law or medicine, failing to renew on time can result in the suspension or revocation of the license. This can mean being unable to legally practice in your profession or facing disciplinary actions from professional regulatory bodies.
It is important to stay aware of renewal deadlines and take prompt action to renew your license to avoid any negative consequences.