Hi and welcome to our site! Central American company that performs no business activities in the US has no reporting obligations - and compensation paid to US citizens for services provided outside the US are not reportable.The LLC however - must report the fact of the ownership interest in the Central American company. In case that is a single member LLC treated as disregarded entity - that reporting obligations are passed to you as a member.
US LLC has more than one member and files a partnership return. It also files the forms reporting ownership interest in Central American company.
Therefore, the US LLC does not have to issue a Form 1099 to the US consultant for payment of services performed in Central America for foreign company, and paid by foreign company, correct?
That is correct. Because the US LLC made NO payments - it has no obligation to report.
I don't see the "Accept" button, so I will tell you I accept Lev's answer.