Converting LP to digital. Advice please...


I am looking to archive some vinyl onto a hard drive that I can then transfer to CD. I would like to take it from line level output to a A/D convertor then store it on a computer hard drive. Then have a program that will allow me to take each LP side and dive the songs into individual tracks. Suggestions on a/d conversion and software would be appreicated greatly
128x128theo
I have just started playing around using the Korg MR-2000S and I have experienced a friend who has the same machine too, against a top end TT and the Tape project. very very hard to distinguish the Korg recording playback from the original, when recorded in 2xDSD.
All:

Very good posts, and helpful. Might I ask a question or two? I am interested in transferring some or all of my vinyl collection to digital for archival and convenience reasons. So I would prefer to archive them at 24 bit, 88.2 or 96kHz minimum. Since I only want to do this once, I would like to feel comfortable that the quality is quite good.

I have an Oracle Delphi table running through a Cary phono pre. However, I have an HP laptop which has no analogue inputs. Even if it did I understand I would be better served using an outboard A/D converter. Then I assume I would need a more audio friendly soundcard, yes?

Can you advise me about:
1. A good A/D converter for this purpose. This seems to be the difficult thing to find, at least from a good audio perspective.
2. A good sound card for taking the digital signal from the A/D converter
3. Anything else I might need to know, such as better audio grade software (Pure Vinyl is out since they only serve Apple computers, which is well and good except for those of us that don't own one). I see some recommendations above for software to perform the needed admin duties. Seems that FLAC files are all the rage, so that would be a plus, but WAV would be acceptable.

Thank you for any detailed information you might want to provide!!
I have a business doing this and can make 24/192 recordings as well as removing any noise.