What is the best way to convert LP's to CD's?


I'm getting ready to purchase a new Dell computer. I would like to convert some of my LP collection to CD for the conveniance. Besides a sound card do I need any other equipment? What do you all use and recommend? What types of CD\R or CD\RW sound better? Will I need some type of DAC to convert the analag to digital? I'm new to this process. Please let me know.
sgr
I should have added my current favorite burning software is Nero which comes with the new Yamaha CRW-F1 High speed drives (although we burn at 1x it's capable of 44x burning.)
Rives is absolutely correct! actually, he uses exactly the same programs beginning to end i do with master-quality results. i just made a copy of my MFSL david bowie ziggy stardust LP and burned it with nero's advanced master-quality-thingie and the burned cd sounded better than the ryko release when played in my cd player. i use an audiophile 24/96 sound card by midiman, which has gold plated rca inputs and a fantastic A/D converter.
The one box units work well. A separate unit A/D converter will give you more options and flexability to upgrade other components in the signal path.
I use the Digital Audio Labs Card Deluxe with Sound Forge software. Great results.