How to get a nested IF statement to work?

My individual IF statements work but when I nest them I get an error. Not sure what I am doing wrong as it should be simple.

Here they are individually:

=IF(ISBLANK([License Research]@row), "Red")

=IF([License Research]@row = "Completed", "Yellow")

=IF([License Status]@row = "Obtained", "N/A", "Green")

Here they are nested:

IF(ISBLANK([License Research]@row), "Red"), IF([License Research]@row = "Completed", "Yellow"), IF([License Status]@row = "Obtained", "N/A", "Green")))

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