I second lostebars on using EAC to rip and FLAC as format
Use Exact Audio copy to rip your CDs to individual tracks. Each song will be a track. EAC is free and will make a bit perfect rip. Verify your rip with the Accurip database to make sure it is error free. Rip your CDs to either wav or Flac. I prefer Flac, They are still lossless but take up less space. Also you can use tags. Since Flac is lossless you can always convert back to wav if you wanted. It is important to get things right the first time.